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20130127
20130127
Search Results 0 to 11 of about 12 (some duplicates have been removed)
negotiate the debt ceiling. high unemployment, social unrest. again, we learned from the mountain. baby steps to build confidence. >> if we ski slowly, we feel what we are doing and then we get confident and we get faster and faster. >> reporter: but economic growth seemingly won't go faster. there's always the risk in the global economy that something goes wrong. snowboarders are like central bankers. they have their own way of shredding down the mountain. for bankers, it means printing money. it's brutal economics. >> what's the secret to snowboarding? >> don't be scared. >> reporter: you pick up speed too quickly and you end up falling over. >> come on. that's why you need to move.
's not about punting right now. this is an extension -- remember the deal before with the debt ceiling, supposed to be the ultimate deal we'd never have to punt again. this leads to another punt, another punt and things are getting better let's not do it now. things are getting worse, let's not do it it now. and it's raining outside, let's not do it. let gerri talk for a minutes. >> according to the democrats, they're standing in the way of this. never seem to get anything done and let's remember there was a quid pro quo here, if we agree about the fiscal cliff we'll start cutting spending and it's not happening and the democrats said we're not going to keep our promises. >> you know we have economic growth, the deficit goes down, it does happen, it does happen. >> to your point. >> that's the problem not-- >> and the problem is not just the deficit, the problem is entitlement spending and the president is not going to do a single darn thing about it. >> and guy, let me go back to ben on this. ben, you've said we're all eventually going to have to amour taxes and people watching the sh
worries the price of energy, government regulations and the federal debt ceiling. in a separate questionnaire, owners flagged concerns for not hiring. 6 out of 10 said again wore areries about the potential cost of healthcare but three other reasons for not adding workers topped that. the reasons they gave, 81% said they do not need additional help. three quarters blamed revenues and sales. and two thirds point to worries about the overall u.s. economy. that said, there are some bright spots in the survey. overall, u.s. small biz owners optimistic with their environment this month. the small business index jumped to a positive number plus nine after plummeting to negative 11 in the last quarter. that was taken right after the presidential election. still, owner optimism is far below the recent high in april of last year. the bottom line, the bottom line of our nation's biggest hirers is making them worry about adding new workers and it is healthcare costs that are keeping them from putting out the help wanted sign. shannon, back to you. >> shannon: brenda, thank you very much. >
approved the debt ceiling deadline without a fight but did so without making usual demands for spending cuts. before you get too comfortable with that, think again. that debt limit increase is only a temporary three-month stopgap measure to give them more time for a budget resolution in the senate and a bigger budget battle ahead which brings me to the ducks. one lame duck to be precise. ever seen a lame duck? they can't fly far. they are lucky if they get off the ground. last week, president obama laid out his fight plan for the heights of to which he hopes to soar in his second term. his agenda may never find its wings if it is stymied in the tangle of capitol hill gridlock. a seemingly endless series of cliffs, ceilings sequesters and showdowns. the upcoming budget fight is only the first of many. remember the fiscal cliff? well, it never really went away. it was postponed for a couple months. we have the threat of automatic spending cuts looming over our heads march 1s. government shutdown on the 27th. we'll need a new spending bill to keep it going. mark your calendars march 19th w
to hit the grund running again in his second term. the debt ceiling fight has been delayed and they are looming on the issue of the budget more specifically the sequester that comes up at the beginning of march. those are spending cuts in military and domestic agencies and the continuing resolution. basically it calls for how they will pay for the government going forward. after march 27th the budget issues are high on the priority list. there are challenges as he faces the republican house. he heard from paul ryan and dick durbin and their opinions on what the president needs to do going forward. >> the green line is historic tax rates, how much we raise in taxes and the blue is how many increases president obama is calling for. the red is where spending is going. spending is the problem, revenues are not the problem. if you keep chasing them they will hurt economic growth, shut down the economy and won't get the budget balanced. >> what i heard the president say was programs like social security and medicare and med aid critically important for our future and we need to h
on the ongoing political brinksmanship that threatens your economic future. congress voted to suspend the debt ceiling for three months and figure out deeper cuts to reduce the deficit. that keeps me employed for a few more months. but even before that deadline hits, again, march 1st will be on us. the so-called sequester deadline. that's a stupid washington name for a stupid and dangerous washington creation. the automatic across the board spending cuts. and then there's another date to worry about, april 15th. not just tax filing day, but the date by which congress has promised to adopt a budget resolution. they've even this time staked their pay on it, agreeing to reach a deal or face suspension of their paychecks until they reach a deal. that might just be enough of a carrot to present a budget that takes on our ballooning deficit. but the battle over that deficit make that recent battle over tax hikes for the rich seem like a friendly game of badminton. big spending cuts are needed and they will hit americans where it hurts. health care, medicare, social security. president obama embolden
Search Results 0 to 11 of about 12 (some duplicates have been removed)